Introduction

This is a concept note for the establishment of a business incubation facility at Global College International to be named, Leadership Studio: A Business Incubation Centre. The idea and the main objective of the Centre is to create a center of competence with a mission to facilitate and support high potential ideas from students, researchers, individual entrepreneurs into sustainable enterprise.

BIC will develop into a full-service, business incubator with the overall mission of assisting start-up and early stage establishments by linking them to a network of services from financial sectors, legal assistance, and mentorship. The incubator will support the prospective business by providing the workspace, office facilities, counselling to develop, sustain, and prosper within an agreed upon time frame with the goal of having them progress with a sound financial foundation.

The center will provide three type of services, namely, innovation, mentorship and facilitating the financing. The center will utilize a single room office space, which will be equipped with Wi-Fi facility and office furniture and fixture. The center will be funded by income form membership, different income generating activities of the center, as well as donations.

Its purpose is to provide young businesses, as well as enterprising minds, a professional office space at GCI, as well as creating a base for the various support available to them, and fostering a community of like minds.

The center is proposed to be located at GCI premises, Kamaladi Ganeshthan. The city location makes entrepreneurs easily accessible to partners and clients, as well as allowing them to conveniently reach any part of the city.

The center is to reflect the philosophy of GCI that value innovation and endeavor to discover young potentials, where students are to set their own path through proactive initiatives, and change the business environment. It is a platform not only to share innovative ideas, but to nurture ideas that carry business values into practical business plans.

BIC will accommodate interested candidates with high business potential and innovative ideas through a selective application process. BIC will have separate advisory committee form faculty members within GCI including national and international experts and executive committee will be formed from among the member students of GCI. The overall impact of the incubator is expected to be small business formation and job creation, establishment of an entrepreneurial environment.

Rational for the Establishment

The economies of the developing countries are suffering under increased unemployment due to diminishing opportunities in the job market, and subsequently, there is need for enterprise development to create more jobs. This then calls for creativity, especially amongst the youth, but that creativity faces a deadlock where ideas cannot meet capital, and when they meet capital, the ideas lack mentorship to be transformed into full fledge businesses. Consequently, there is need for a solution that not only encourages creativity, but also capitalizes the created ideas, and mentors the newly capitalized ideas into business units that can compete and add value to the investors, and customers.

Incubation has been identified as a powerful process of business enterprise development because incubation and prototyping creates the bridge between innovation and commercialization. It is the process of supporting start-up businesses in order to build entrepreneurship capability for self-sustenance. This involves providing common facilities such as physical space, shared services, skills training and business legal advice to facilitate the operations of selected entrepreneurs and assist them until advancement when they have capability on their own.

This platform maximizes the opportunities for young innovators to see their ideas transforming into sustainable enterprise. The linkages with the different sector are very visible. Mentoring by business leaders are key attractive points. These mentors are experts in their field, supportive, and willing to invest in promising ideas, which are all attractive points for innovators to understand the real-world issues. Further, innovators can learn the art of innovation tied with entrepreneurship by shaping their initial ideas into solutions to challenge the problems faced in the business environment.

This center will be a cross-cutting business incubation unit within the GCI which will integrate different department, divisions to provide support resources and services for the start-up business.

BIC Service and Facilities

BIC will designate a separate space for incubates that will accommodate residential as well as virtual clients. It offers shared office model where incubate can work together under one roof mutually cooperating each other. A fully furnished office space will be provided for discussion with stakeholders, clients and for private business decisions. An open discussion space is allotted for BIC member to track the progress of candidates, brainstorm their work and regular progress meetings. Other than this BIC will provide expert counselling and monitoring on candidate business individually.

Training on Entrepreneurship and Management for professional development

Networking with Industries and financial sector

Help potential ideas grow into a self- sustaining business

The BIC will run activities under three themes of creativity, capital, and mentorship, as below:

Innovation programs

Conferences /Seminar trainings

Monthly speaking sessions to inspire and inform the incubates. The speaker program will bring keynote professionals to talk to entrepreneurs on technical issues of relevance to them, such as taxation and venture capital.

Peer to peer mentorship (connecting incubates with each other for mentorship). the biggest benefit of all to the young entrepreneurs, though, is the benefit of working together in a common space. Sharing of ideas and resources, cross-selling, and professional introductions are an inevitable consequence and of immeasurable benefit to the leaders of small, growing businesses.

Other Centre Services

Help with business basics
Networking activities
Marketing assistance
High-speed Internet access
Help with accounting/financial management
Help with presentation skills
Links to strategic partners
Access to investors or venture capital
Comprehensive business training programs
Advisory boards and mentors
Help with business etiquette
Help with regulatory compliance
Intellectual property management

Management

The center will be managed by member students of GCI Leadership Studio: A Business Incubation Center, an entrepreneur center initiative, who will be the executive members of the center, and will work to brand, and represent the center, with the objective of getting members, getting partners, and getting potential ideas into sustainable enterprise. For the center to be a successful and a sustainable platform, multiple partners representing the different sector of the society needed to be involved. From idea collection to incubation, and to investment, a wide range of partnership collaboration is crucial to bring out the expected results of transforming ideas to sustainable enterprise.

Frequently Asked Questions

What is a business incubator?

Business Incubator is an organization that combines office space with varieties of support services for small business new ventures. The reason for emphasizing incubation is to promote economic development, fuel entrepreneurship by attracting new entrepreneurs, and diversify local/ national economy. The goal is to nurture young volatile resource strapped individual or a group to help them survive by providing business related services and knowledge needed skills. BIC provide the needed resources including consulting expertise, even including financing, marketing, feasibility analysis and preparing a business plan etc. The incubation process helps investors in learning critical business requirements, prepare a solid business plan and provide tips on intellectual property rights. New startups, technology companies, idea generation, plan execution are all part and parcel of incubation services. It may also help in prototype making and R&D of ideas.

How do I apply?

Interested candidates can fill up an application form and submit to BIC. For additional information concerning this process, please contact the members of BIC.

Do I have to stay within the office space of BIC?The choice of space depends on the candidate business and interest. BIC offers mixed type of accommodation where both resident and virtual clients can apply for the service they require.

How is entry to the incubator determined?

After the submission, incubator personnel will review the applications a case by case basis according to eligibility and requirements

Then a selected candidate will be allocated a time where they have to present their ideas. Incubator committee will suggest to refine and change if required

Candidate should prepare a short proposal which will be reviewed by the technical committee. After which candidate have to sign an agreement document before entering incubator facility.

How long does a business stay in an incubator setting?
1-2 years (depends on candidate business growth

Do I need a business plan?
A business plan is not required to qualify for admittance into the incubator program; however, a business plan should be developed within three months of candidate entry.

Will BIC write the business plan for me?
No, but GCI BIC will help link you with mentors and advisors in developing a business plan.

What does BIC expect from me as a client/tenant?

Client must show progressive growth in business development

• The client must adhere to the terms of the lease and the policies and procedures as described in the agreement document.

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Signing Ceremony | MICNIS | MOU between MIC Nepal and GCI

June 3, 2016June 3, 2016

Microsoft Innovation Center (MIC) Nepal takes pride in working with schools and colleges across Nepal in providing world class resources for our students, teachers and organization as a whole.
Microsoft Innovation Center (MIC) Nepal takes great pleasure in partnering with academic institutions across Nepal. For the past eight years now, MIC Nepal has in a number of ways been able to engage IT and engineering students, faculty members, customers and other stake holders in its various awareness and skill building programs, campaigns and projects. These programs ranges from Microsoft DreamSpark Premium --- a global program that ensures free and friction free access to hundreds of Microsoft software products and development tools including Windows 10, Windows 8.1, Visual Studio 2015, XNA Game Studio, etc. to STEM-D University going students to life changing programs such as Microsoft BizSpark that helps young student entrepreneurs to incubate their genuine business ideas, monetize them and eventually realize their dreams. This is our second year that we are partnering with schools and higher scondary schools (+2). In this process, Innovative Student Partners (ISP), who will be our ambassadors in various schools/colleges will be the real driving force as they are the technology rock stars who learn about various cutting edge Microsoft technologies and share the knowledge back with their student community in their colleges thru blogs, technical forms and community events.
Today, MIC Nepal is seeking to establish Microsoft Innovation Center Nepal Innovative School (MICNIS), a formal working relationship with the best Schools and +2 colleges spread across Nepal (KATHMANDU VALLY IN THE FIRST PHASE) in a vision to provide better technology interventions that the students of 21st century need to be successful in their lives.
Get all the details and some of the captured moments in FB Event and Google Plus.

3rd Kantipur Hissan Edu Fair 2016

Kantipur HISSAN EduFair 2016 is set to commence from May 19-22 (6-9 Jestha) at Bhrikuti Mandap, and will end on June 28. The education fair is a joint venture of Higher Secondary Schools’ Association Nepal (HISSAN) and Kantipur Publications.
The expo aims to promote educational institutions in Nepal. Kunal Shrestha, Executive Manager at Kantipur Publications, said, “There’s a new synergy with the partnership and can be a good contribution to the education system.” He further said that the fair would be a good way to gain students’ insights into what they’re seeking in an educational institution.

Yubraj Sharma, Chairperson of the fair, pointed out that the difference in the fair was because of the involvement of the private sectors. Sharma said that it was a coming together of private institutions and more than financial competition, this fair would bring out the cooperativeness of the private institutions. “This is also an opportunity to show that what the private intuitions are doing and what they have to offer,” he said.
The fair is set to have 70 stalls and is targeting 200,000 visitors.
Kantipur HISSAN Edu Fair 2016 will be held on May 19-22 (6-9 Jestha), 2016

Lab Sessions and Career Counselling | Post SLC | 10 – 13 May

May 16, 2016

1500 plus students attended Labs (Physics, Biology, Chemistry and Computer) Sessions especially designed for Post SLC students to enable them to decide upon what to option for in A-Level, Plus 2 (Science & Management) followed by Career Counselling from experts.

Farewell Program 2016 | Watch Video at Youtube Channel | GCE A level

Farewell Program for the First Batch of Science and A-Level AS was conducted on the 16th of Chaitra 2072 at Nepal Academy Hall (Pragya Pratisthan), Kamaladi, Kathmandu, as per the year plan on the completion of the formal classes.

The program started with the inaugural of the Annual Magazine UNI-BUZZ of Uniglobe HSS/College and GLOGYNE of Global College International. The program was jointly organized by students of Grade 11 Science and Management to bid a farewell to the sophomores. All the sophomores were handed over a token of love as a memento from the school to treasure all the memories of the school days.

The program was colored with various programs filled with fun and frolic; drama, dance, songs, fashion show, caricature, beatboxing, poems, couplets et cetera. The formal program was hosted by Thaneshwor Pandey, ECA In-charge and informal program was held by students from Grade 11.

Get all the details along with the captured momemts about the event on the FB Event linked as

Ethnic Day & Closing Ceremony | Biz-Fest 2016 | 9th March 2016

March 10, 2016March 10, 2016

Ethnic day, which is the part of Biz-Fest 2016 was held at GCI. During the program, various cultural programs were organized. Students from the different ethnic groups and community were in their ethinic and cultural attires. The diverse ethnic and cultural attire reflecting the Nepalese multi cultural and ethnic prospect.

Watch some of the captured moments in the FB album

Simulation Program 2016 | Biz-Fest 2016 | 6-9 March 2016

March 8, 2016March 8, 2016

Simulation Program 2016, a part of Biz-Fest 2016 is an annual event of GCI Business School, organized and managed by MBA graduates under GCI Students Center. The event aimed to promote bonding, relationship and fraternity among the Nepal’s business school students through various activities under the themes of creativity, innovation and entertainment.

Simulation program is the platform for students to implement their business ideas into real business. There are eleven different teams of GCI MBA, participating in the simulation program and have executed their business ideas into real business. During the simulation program college provided different mentor and evaluator in order to guide the students in different aspect of business, such as operation, marketing and branding, financing and accounting etc. Along with the implementation of these idea by these students, there will be the Business Plan Development Training workshop for the students and the participating team have to develop the business plan and with the presentation of business plan, the simulation program will formally end up generating new business idea and exposure of real business to the student and connecting them with the probable investors.